The equity bulls often cite the old adage about the market climbing a “wall of worry” when propounding their bullish theses. I have no problem with the adage as such, but as a self-professed equity-basher (for now!), I have a problem with the application. Here, I explore the context in which this famous adage should be applied.

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An update of the weekly google insights charts for 15/5/11. Despite a rather harrowing week in the markets, the inflation vs deflation indicators suggest that all eyes remain upon inflation (and not deflation).

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